Chapter IX PROPERTY

Whenever it is necessary or expedient for any purpose of this Act that the Anchal Sasan shall acquire any immovable property such property may be acquired by the Anchal Executive Officer on behalf of the Anchal Sasan by agreement on such terms and at such rates or prices as shall be approved by the Anchal Sabha either generally or specially in any particular case.

The State Government may resume any immovable property transferred to the Anchal Sasan by themselves or by any Local authority where such property is required for a public purpose without paymext of any compensation other than the amount paid by the Anchal Sasan for such transfer and the market value at the date of resumption of any building or works subsequently erected or executed thereon by the Anchal Sasan in accordance with the terms of transfer : Provided that the Anchal Sasan may remove within such time as may be specified by the State Government the materials of any buildings or work constructed or erected on the land in contravention of the terms of the transfer.

No immovable property belonging to, vested in, or under the management of, an Anchal Sasan, shall be sold, leased or otherwise alienated except in accordance with the provisions of this Act and rules made thereunder.

When any public institution has been placed under the management and control of any Anchal Sasan, all property, endowments, and funds belonging thereto shall, subject to the provisions of any other law for the time being in force, be held by the Anchal Sasan in trust for the purposes to which the said property, endowments, and funds were lawfully applicable at the time when the institution was so placed.